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Get your taxes done using TurboTax
I have gone to the accountant that completed this several times and there is no income - $37 in interest which is under A in Box 20. Never in the past have they used the code Z - we lose money every year just from paying taxes, insurance and the accountant to complete the K-1. The last time I emailed them I was told to not mark the 20Z box since there is no QBI income to offset the K-1 and that it seems that tt can't deal with the entry if there is nothing in the income box. Since I have nothing else, will this trigger an audit since the K-1 has a Z? They dont plan on doing an amendment...
March 18, 2023
10:40 AM